Data Shows It Will Take an Average Nigerian Worker Over 3 Years to Buy the New iPhone 14pro

Data Shows It Will Take an Average Nigerian Worker Over 3 Years to Buy the New iPhone 14pro

  • Apple officially launched the four models of its new iPhone 14 series in a fanfare event in the US
  • But for an average worker to afford the latest phone, it will take a full savings of over three years
  • iPhone is seen as a status symbol among Nigerians, which explains why, despite its expensive price, it is in high demand

Apple just revealed its most premium phone range, including the iPhone 14 Pro, which has impressive features.

While Apple's iPhone pricing at launch is comparable to that of previous year's models, Naira depreciation and other factors will make this year's iPhone the most expensive for Nigerians.

It is even more expensive for an average Nigerian who wants to join the iPhone user club.

Cost of Iphone for an Average Nigerian
Apple CEO Tim Cook Credit:Chris Tuite/AFP
Source: Getty Images

For an average Nigerian worker, it will take over three years of diligent work and full savings to be able to afford the latest models.

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What does the new price mean for people who earn average salaries in Nigeria?

According to information on the Apple website, the iPhone 14 Pro (256GB) model of the new series will start at $1099.

The $1099, when converted with the official exchange rate of N436.50, comes to N479,713 without other charges.

But with the challenges of getting dollars, it is expected that importers will have to price the new phone at the black market rate before adding other charges.

On Tuesday, September 13, the black market rate was N705 to the dollar, implying that a new iPhone could start at N774,795 and go up from there if additional charges are included.

A report even suggested that iPhone 14 Pro pricing in Nigeria will be around NGN1,440,000 in Lagos and NGN1,540,000 outside Lagos for the 6GB RAM + 256GB ROM.

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How many days of work for a brand new iPhone 14 Pro?

While buying the latest iPhone may not be the wisest financial move for the ordinary Nigerian earning N30,000, the national minimum salary, those who choose to proceed would need to work for at least three years.

That is if the employee decides to save his or her whole 36-month pay.

Breakdown of salary and days of work to buy iPhone 14pro for an average Nigerian

SalaryMonths of work
N30,00037 months
N50,00023 months
N100,00012 months
N150,0009 months

NCC warns Nigerians to remove five Google chrome extensions

Meanwhile, in another report, NCC has called on Nigerians using five google chrome extension apps to remove them immediately

The Communications warns that the apps have been designed to steal users' information

Interestingly, the apps listed have been downloaded over 1 million times by users around the world

Source: Legit.ng

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